The Black Box of Governance (Expanded Edition)

In a new, updated, expanded edition with a new cover design, The Black Box of Governance is the ideal book for executives, managers, advisors, and all those who work in boardrooms. New forewords by Sérgio Rial, Karine Litvack, and Ira Millstein.

Sandra Guerra, an authority on corporate governance in Brazil, draws on her own professional experiences as an executive and board member to present "The Black Box of Governance." A comprehensive and practical guide that, through a behavioral approach, explains and addresses the main challenges facing company boards of directors and the relationship between directors and executives.

Based on research among the most renowned theorists on the subject, studies with hundreds of directors across the country, and a series of interviews with foreign and Brazilian experts, this book is essential for consultants, auditors, lawyers, governance secretaries, and chief governance officers who serve on boards. It is also important reading for students, researchers, and experts in CG and boards, and invites them to build a productive and effective relationship with the board, involving everyone—and each and every one—in governance practices.

“ The Black Box of Governance is important reading for board members and executives, as well as for anyone hoping to find 'good governance' on their boards of directors (BDs).” - Ira Millstein, corporate lawyer and senior partner at Weil, Gotshal & Manges

"I am convinced that reading this book will be of great value to all those whose goal is to make their best contribution to improving corporate governance practices." - Sérgio Rial, Vice Chairman of the Board and CEO of Banco Santander in Brazil and member of the board of Delta Airlines

"The text ingeniously presents a panoramic view of all the main academic research on governance, combined with real-life stories told by real-life people who speak openly about the best and worst of human nature in this uncertain—and sometimes inglorious—world that is the boardroom." - Karina Litvack, independent director at Eni SpA and director at BSR (Business for Social Responsibility) and the CFA Institute